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9780275930851

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?Hall's excellent survey of business cycles is concise, lucid, and up-to-date, discussing not only early theories of the business cycle and Keynesian and monetarist models, but also the rational expectationist and new Keynesian models along with actual business cycles. The book is based on Hall's lecture notes for a business cycles course he taught at Miami University, and although, as he asserts, it can be used as a text in such courses, it can also be read profitably by informed general readers and lower-division college students. Strengths of the book include an excellent bibliography and Hall's insightful history of business cycles from the panic of 1907 to the long cyclical expansion beginning in late 1982. The book could benefit from more complete discussion of the type of economic time-series analysis developed by the National Bureau of Economic Research (and adopted by the US Department of Commerce) and of how the National Bureau currently identifies business-cycle turningpoints. Nevertheless, Hall's work should be a high-priority acquisition for all college, university, and public libraries.?-Choice

?Hall's excellent survey of business cycles is concise, lucid, and up-to-date, discussing not only early theories of the business cycle and Keynesian and monetarist models, but also the rational expectationist and new Keynesian models along with actual business cycles. The book is based on Hall's lecture notes for a business cycles course he taught at Miami University, and although, as he asserts, it can be used as a text in such courses, it can also be read profitably by informed general readers and lower-division college students. Strengths of the book include an excellent bibliography and Hall's insightful history of business cycles from the panic of 1907 to the long cyclical expansion beginning in late 1982. The book could benefit from more complete discussion of the type of economic time-series analysis developed by the National Bureau of Economic Research (and adopted by the US Department of Commerce) and of how the National Bureau currently identifies business-cycle turningpoints. Nevertheless, Hall's work should be a high-priority acquisition for all college, university, and public libraries.?-Choice ""Hall's excellent survey of business cycles is concise, lucid, and up-to-date, discussing not only early theories of the business cycle and Keynesian and monetarist models, but also the rational expectationist and new Keynesian models along with actual business cycles. The book is based on Hall's lecture notes for a business cycles course he taught at Miami University, and although, as he asserts, it can be used as a text in such courses, it can also be read profitably by informed general readers and lower-division college students. Strengths of the book include an excellent bibliography and Hall's insightful history of business cycles from the panic of 1907 to the long cyclical expansion beginning in late 1982. The book could benefit from more complete discussion of the type of economic time-series analysis developed by the National Bureau of Economic Research (and adopted by the US Department of Commerce) and of how the National Bureau currently identifies business-cycle turningpoints. Nevertheless, Hall's work should be a high-priority acquisition for all college, university, and public libraries.""-Choice

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THOMAS E. HALL is Associate Professor of Economics at Miami University, Ohio. He served as Visiting Senior Economist at the U.S. State Department's Bureau of Economic and Business Affairs, 1989-90. He is the author of numerous articles that have appeared in such journals as Review of Economics and Statistics and the Journal of Industrial Economics.

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